Harborx Limited is a company registered in Cyprus under the registration number HE 315127 and its registered office in Spyrou Kyprianou, 84, 4004, Limassol, Cyprus and a CYSEC License Number 230/14.

The risk disclaimer is meant to inform the user of the potential financial risks of engaging in foreign exchange trading, and should be read in conjunction with the Risk Statement and Disclosure contained in the Terms and Conditions.

The transaction of such financial instruments known as "forex", "FX", or "currency", and dealt on a valued basis known as "spot" or "forward", "day trading" and "option", can contain a substantial degree of risk. Before deciding to undertake such
transactions with Harborx Limited ("Harborx"), or any other firm offering similar services, all of our clients ("you") should carefully evaluate whether your financial situation is appropriate for such transactions.

Trading on margin carries a high degree of risk, and may not be suitable for you. The high degree of leverage in transactions can work against you as well as for you. Before deciding to trade on margin, you should carefully consider your investment
objectives, level of experience, and risk appetite.

Trading foreign exchange may result in a substantial or complete loss of funds and therefore should only be undertaken with risk capital. The definition of risk capital is funds that are not necessary to your basic living and well-being. Harborx
strongly recommends you to read through all the main topics contained in the Harborx website so that you may have a clear and accurate understanding of the risks inherent to FX trading.

Opinions and analysis on potential expected market movements contained within the Harborx website are not to be considered necessarily precise or timely, and due to the public nature of the Internet, Harborx cannot at any time guarantee the accuracy
of such information. Information provided on this website is intended solely for informational purposes and is obtained from sources believed to be reliable and accurate. Information accuracy is in no way guaranteed. Trades in accordance with
the recommendations in an analysis, especially leveraged investments, such as foreign exchange trading and investment derivatives, can be very speculative and may result in profits, as well as losses, especially if the conditions mentioned in
the analysis do not occur as anticipated.

In addition, there are risks associated with the use of online deal execution and trading systems including, but not limited to, software and hardware failure and internet disconnection. Harborx shall not be responsible for such losses or failures.

In case of any fault in pricing process, typing errors, entering errors and quoting errors through the electronic trading system and/or phone, Harborx has full right to make any necessary modifications to the investor's trading account in which
the mistake took place. Any conflicts regarding pricing will be solved by checking the actual prices in the market at the specific time at which the error occurred. Investors should review their trading history and are responsible for reporting
any mistakes found on the account trading log within 24 hours after the transaction executed.

If you do not understand the risks involved in trading FX, please do not trade it. For any further clarification, please contact us.

MONITOR AND REVIEW

Harborx Limited will monitor on a regular basis the effectiveness of this Policy. In addition, Company will review the Policy at least annually. A review will also be carried out whenever a material change occurs that affects the ability of Harborx
Limited to continue to the best possible result for the execution of its client orders on a consistent basis using the venues included in this Policy. Harborx Limited will notify its affected clients on any changes in its Policy.